StaticCommando

Maipulation Analysis "The chump and mark complex"

Long
BITFINEX:BTCUSD   Bitcoin
Happy Friday folks! It's looking like another exciting weekend of BTC market manipulation on the horizon. Hopefully you're as excited as I am. It's a great time to get ready to book heavy profits on long positions as the market bottoms out. Many things play a part in this scenario and I'd like to give credit to some of those factors that help out tremendously when it comes to getting rich off of BTC. I'd like to discuss a phenomenon in the market you should be aware of if you're not already that makes it possible for smart money to prosper. The two most important of these factors are chumps, and marks. A mark is somebody that has no clue about anything other then they like losing money for some reason. A chump is somebody who reads analysis and tends to know better but can't help themselves when the whales dangle carrots or "coins in this case" in front of them. If you read my previous chart you could see clearly where I identified chumps defending the 6300 price point a few days ago and advised against it. Now there's a new batch defending the 61-6150 price point today. By now all the marks are out of capital so need not worry about them until they get paid again next week. If you can, resist the urge to make the whales more fat and follow my 5 point plan. 1. Never let on how much you like BTC 2. Always set your stops 3. Act like whatever coin you're buying, it's the one to buy 4.When purchasing crypto, let the whales buy first, then place your orders, it's a classy move. 5. When it comes to cashing out, whenever possible, put on side one of Led Zeppelin IV
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